Katapult’s largest investment round

Program Team
Katapult’s Program Team: Jonas Skattum Svegaarden (CEO Ocean), Ross Brooks (Investment Director), Maren Gaarder (Program Coordinator) and Nina Heir (CEO Climate)

Katapult’s single largest investment of 5.9 M USD was made this year in 18 impact tech startups, beginning the 2021 Accelerator Program this October.

Katapult is an investment company, focused on highly scalable impact tech startups. We currently have 50 M USD under management, invested in 138 companies from more than 35 countries.

Together the Katapult investment teams screened over 2700 companies in order to secure the best investments in terms of profit and impact. In total, this recruitment round looked at startups from 6 continents and around 75 countries, and selected 18 companies to invest in from 15 different countries and spanning 5 continents.

These startups represent the top 1% of all candidates selected for the accelerator program and each of the 18 companies are committed to addressing one or more of the UN’s Sustainable Development Goals. The chosen startups are the latest Katapult portfolio companies mobilized through either the Katapult Ocean or the Katapult Climate fund.

Katapult Ocean is now the most active ocean investor for startups and in the top 50 of climate investors worldwide. The 2021 investment round includes many milestones, as the portfolio now comprises three additional energy investments within offshore wind and turbine energy. WWF is also now onboard, partnering-up with Katapult Ocean to ensure investments are made with a no-animal harm approach.

Jonas Skattum Svegaarden, CEO of Katapult Ocean comments on the portfolio’s trending investments for 2021, “This round we are still very positive to seaweed and have in total 6 investments in the macro- and microalgae sector, adding three more this year [Oregon Dulse, SoftSeaweed and 12 Tides ].”

Katapult Climate is a new thematic vertical by Katapult as of 2021. The new fund is built upon Katapult’s existing experience making solid climate investments, as around half the companies in the current portfolio already have a climate dimension. Based on the 58 investments made over the past 4 years, the development of the climate tech industry, and the extreme urgency, Katapult is reorienting towards solving the world’s most pressing issue of our time: the climate crisis.

Nina Heir, CEO of Katapult Climate says about the direction of the new portfolio for 2021, “For the first Katapult cohort focusing solely on climate tech, we have evaluated more than 1000 impressive companies from across the globe. It’s no surprise that energy efficiency and renewable energy is the clearly largest category in our pipeline. We are adding several companies within energy, smart cities/industry and enabling technologies to our portfolio this year.”

All 18 investments will be strengthened this Fall when the startups join a parallel program for both the Katapult Ocean Accelerator and the Katapult Climate Accelerator Program, powered by Lundin Foundation.

Follow us this Fall to hear exclusive interviews from our startups and how their technologies are vying to make a global impact for the ocean, climate and humanity.

Read about the 18 impact tech startups joining Katapult’s portfolio in Finansavisen or in English, here.

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